If You Give Us A Tax Increase Today, We’d Be Glad To Pay You Off With Spending Cuts In The Future

Remember the spending cuts Democrats delivered after they cut a deal with Ronald Reagan to raise taxes? Oh yeah, those never happened. And remember the future military cuts that both parties agreed to as part of the debt ceiling stand-off? Yeah, those are never going to happen either.

So now that Republicans are negotiating with Democrats to raise taxes, what’s on the table? Naturally, it’s tax increases now in return for cuts later.

Listen to top Democrats and Republicans talk on camera, and it sounds like they could not be further apart on a year-end tax-and-spending deal — a down payment on a $4 trillion grand bargain.

But behind the scenes, top officials who have been involved in the talks for many months say the contours of a deal — including the size of tax hikes and spending cuts it will most likely contain — are starting to take shape.

…Democrats want most Medicare and other entitlement savings to kick in between 10 and 20 years from now, which will make some Republicans choke. Democrats will point to the precedent set by House Budget Chairman Paul Ryan (R-Wis.) of pushing most mandatory savings off until a decade from now.

“A lot of the big entitlement savings comes in the 10-20 year budget window, not the next 10 years,” a Democratic aide said. “Everybody will need to get on board understanding that. Paul Ryan and the Obama budget are the same on health cuts for the next 10 years.”

But that will most likely be the deal Republicans will be staring at: tax hikes now in exchange for Medicare changes way later. That will require some fancy footwork by Boehner to sell.

At this point, we should probably be grateful that the Democrats aren’t demanding tax increases in return for ocean front property in Nebraska because with the rubes we have running the GOP in DC, they’d have a good chance at pulling that off.

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7 Responses to If You Give Us A Tax Increase Today, We’d Be Glad To Pay You Off With Spending Cuts In The Future

  1. xsnake says:

    Still waiting for Tip O’Neill’s 1983 promised spending cuts!

  2. Gene Kinnick says:

    ….Anybody got a jug of snake-oil?

  3. Timothy W Lucas says:

    I’ll take all the hamburgers today and gladly pay you Tuesday. I watched that cartoon. Ronald Reagan sold the burger as did George H Bush but neither of them got paid on Tuesday. The spending cuts never come. So, given the facts that (a) liberals are nothing but liars. Who among you are going to venture into a honest conversation with a bunch of liars? Now this is the real question. Would you rather jump from 16 trillion and break both your legs or from 32 trillion where you break your neck? Further it is fact Obama is not and has not worked in the best interest of this country. Every decision is shadowed by those regulations he continues to pump out restricting the ability to continue with the cap and trade scam on the horizon. Jump! Jump from 16 trillion and perhaps we can still claw our way somewhere. Obama is not here to help but destroy. Over half of us know this and the other half went for the carrot.

  4. Herb says:

    I want to the debt clock going backward. If the Republicans give into the Democrats, our country is done for. Congress needs to close the bank for bo, unless he starts doing what is right for our country. Impeach, if he don’t.

  5. Herb says:

    I want to see the debt clock going backward. If the Republicans give into the Democrats, our country is done for. Congress needs to close the bank for bo, unless he starts doing what is right for our country. Impeach, if he don’t.

  6. David Merrifield says:

    Let’s ALL jump off the fiscal cliff! My suggestion is for all of the red states to suspend federal income tax payments beginning 01/01/2013. We can leave all of the tax and entitlement dependant blue states to assume what’s left of the US Government (including it’s debt) and form our own financially responsible government! We don’t need their “elected” dictator to determine our future. All that we have to do is to say NO!!! You will not destroy us, our families, or our society! Barack Obama was ingenious in splitting this nation for his own gain. He and the “blue states” are welcome to what will be left. This is the time and a call for an economic Civil War!!!!!

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